Red Rock Resources plc has raised £500,000 by placing 666,666,667 new ordinary shares each at 0.075 pence. DRC ARBITRATION Proceeds will be used for the company’s lithium production and export operations in Zimbabwe, gold studies and development in Burkina Faso, accounting and audit costs, and working capital. Following the issue of the placing shares, Red […]
Tag: extractive industries
Red Rock receives £110,000 from high net worth investor
Red Rock Resources plc received £110,000 via a subscription of 100,000,000 ordinary shares at £0.0011 per share by a high net worth investor. COSTS The company said that the investor had provided personnel to help bring its lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establish an export pipeline for […]
FCM begins inaugural 500m drilling at Zigzag
First Class Metals plc (FCM) yesterday began an inaugural 500m drilling programme on the lithium, tantalum, rubidium and gallium Zigzag property in northwest Ontario. CENTRAL Following FCM’s early exploration agreement with Whitesand First Nation (WFN), Rodren Drilling, a WFN approved service provider, is the operator. Seven drillholes are initially planned over 50m with the provision […]
Bynoe sampling shows ‘large’ lithium anomalism
Cadence Minerals plc said a new “large and significant” lithium anomalism had been identified from first results of geochemical soil sampling at Bynoe in the Northern Territory. DRILL Operator Evergreen Lithium Ltd, of which the company holds 8.78%, collected the batches from the tenement’s central area “demonstrating the widespread nature of potential mineralisation in the […]
Scirocco Energy COO Doug Rycroft steps down
Scirocco Energy plc chief operating officer Doug Rycroft has stepped down from his position following the company’s completed sale of its Ruvuma gas interest in Tanzania. Chief executive Tom Reynolds said: “As a secondee from Gneiss Energy, which assisted us with the disposal of Ruvuma, Doug has played a critical role in managing Scirocco’s interest […]
Corcel starts exploration at Canegrass
Corcel plc has begun initial exploration activities at its 100% owned Canegrass lithium project in Western Australia. TARGETS The company has engaged APEX Geoscience will for one week carry out “first pass ground truthing” to verify interpreted pegmatite swarms delineated from satellite imagery analysis. The programme aims to investigate and confirm lithium and nickel prospectivity of […]